Metinvest

Tuesday, February 21

The mining and metallurgical giant Metinvest reduced steel production by 69% last year. According to 2022’s results, the metallurgical group Metinvest reduced the production of finished products by 62% to 2.777 million tons and steel smelting by 69% to 2.9 million tons compared to the pr...

Tuesday, December 6

Azovstal demands sanctions against metal thieves. The Azovstal metallurgical plant, of the Metinvest Group, once again appealed to President Zelenskyy’s office to impose sanctions on companies and persons involved in the theft of Ukrainian meta...

Friday, November 11

Ukrainian metallurgists paid about UAH 18B in taxes. The Metinvest group contributed almost UAH 18B ($49M) in taxes and fees to Ukraine’s budget in the first nine months of the year. The company notes that the largest portion is income tax. During the J...

Thursday, October 27

Metinvest group’s metallurgical enterprises are operating at 30-50% of capacity, said the company’s general director, Yuriy Ryzhenkov. This has resulted from the current logistic difficulties, as the Black Sea ports are not available to export iron ore, steel, and coal. R...

Thursday, August 18

Russia tries to sell Ukrainian metal as its own. Russia has stolen metal products from the occupied Ukrainian territories and has then tried to sell them as their own products. It is unknown how much metal has been stolen, but there were products wo...

Monday, July 25

Russia steals steel intended for Great Britain. Russia has stolen steel from factories and ports in Ukraine, part of which is intended for customers in Great Britain. The losses are estimated at $600M, the general director of Metinvest stated, as r...

Friday, April 1

Metinvest launches plant in Zaporizhia after conservation. Metinvest has decided to remove the production equipment of the Zaporizhia Foundry and Mechanical Plant from the conservation regime and restart its operations. “We have every reason to resume ...

Thursday, January 27

Metinvest increased production by launching 54 new products. In 2021, the Metinvest Group’s metallurgical enterprises began producing 54 new products, including the result of a joint venture with Zaporizhstal, which has resulted in the release of seven ne...

Thursday, December 2

Metinvest has set up a company to manage Ukrainian coal assets. Metinvest Pokrovskugol will be managing the operational and administrative changes at the Pokrovsky Coal Group (PUG). It is specified that the new company will coordinate all divisions of coal product...

Monday, October 18

Metinvest’s credit rating is higher than that of Ukraine. The international rating agency S&P Global Ratings has raised Metinvest’s long-term credit rating from “B” to “B +”, which is one step higher than Ukraine’s sov...

Friday, October 15

Metinvest to join consortium to research steelmaking dust product recovery. The company and a leading Austrian research center in metallurgy K1-MET will participate in an international research project in the field of sustainability and circular economy for processing metallu...

Forbes rating of the top 100 companies in Ukraine. Forbes has published its rating of the 100 largest private companies in Ukraine. According to Forbes Ukraine, the top three private companies in 2021 are Metinvest, ATB-Market, and Kernel.

Wednesday, August 25

Metinvest offers to buy out shares from minority shareholders of Pokrovske Colliery. Along with its affiliates, Metinvest wants to buy out shares from minority shareholders in Ukraine’s largest coking coal producer, PrJSC Pokrovske Colliery (Donetsk region), under the squeeze-ou...

Friday, June 11

Italy’s Danieli, a world leader in the production of steel plants, signed a deal yesterday to be the main equipment supplier for Metinvest’s new $1 billion cold rolling shop in Mariupol . In the first, $800 million phase, Danieli and Metinvest are to build a plant capable of producing 1.2 million tons of steel a year – cold-rolled, galvanized and color-coated. The Italian equip...

Tuesday, May 4

Metinvest’s desired acquisition of the Dnipro Metallurigcal Plant is drawing attention from Ukraine’s antimonopoly regulator. “The Committee is considering the case of concentration in the form of indirect acquisition by Metinvest BV Netherlands of assets in the form of an integral property complex, which together prov...

Tuesday, January 19

Fueled partly by Chinese demand, Metinvest, Ukraine’s largest private company, rode strong steel prices to Fueled partly by Chinese demand, Metinvest, Ukraine’s largest private company, rode strong steel prices to report steel output growth by 9% yoy last year, to 8.3 million tons. Its Inhulets mining and ...

Looking ahead Looking ahead, Concorde Capital’s Dmytro Khoroshun writes: “We expect Metinvest to continue producing steel at daily rates of at least 23-24 kt in January-February in order to make the most of the rec...

Ukraine’ pig iron exports increased by 20% yoy last year Ukraine’ pig iron exports increased by 20% yoy last year to 3.1 million metric tons, reported Steelorbis news site. In value terms, exports rose 15% to $992 million. The biggest buyers were: US – 58.5...

Interpipe Steel said that it is the Ukraine’s first steel company to meet European Green Deal targets for 2050 Interpipe Steel said that it is the Ukraine’s first steel company to meet European Green Deal targets for 2050: its emissions do not exceed 250 kg of CO2 per ton of steel produced. This producer of st...

“Law enforcement agencies, former shadow owners and oligarchic groups” and attempting “to stop and roll back the privatization” “Law enforcement agencies, former shadow owners and oligarchic groups” and attempting “to stop and roll back the privatization” of United Mining and Chemical Company, Ukraine’s state-owned titanium pr...

Kyiv’s office vacancy rate grew to 12.5% in 2020, up from 9% in 2019, Kyiv’s office vacancy rate grew to 12.5% in 2020, up from 9% in 2019, reports NAI Ukraine, the commercial real estate consultancy. At the same time, rents dropped by an average of 20%: to $20-30 per s...

This year could be good for renters and tough for landlords. This year could be good for renters and tough for landlords. Plans call for developers to unleash 370,000 square meters of new space on the market – almost five times the 2020 amount. At the same time...

The enhanced coronavirus quarantine – or lockdown – will not be extended after Sunday night, The enhanced coronavirus quarantine – or lockdown – will not be extended after Sunday night, Prime Minister Shmygal told Interfax-Ukraine yesterday. On Monday, Ukraine returns to the milder ‘adaptive’...

The government is negotiating with six vaccine manufacturers The government is negotiating with six vaccine manufacturers with the goal of starting vaccinations one month from now, Shmygal said. Separately, UIA has said it has prepared two Boeings to transport ...

With gas prices spiking during frigid weather in Europe, Ukraine is cutting household gas prices by 30% and capping them until the end of March With gas prices spiking during frigid weather in Europe, Ukraine is cutting household gas prices by 30% and capping them until the end of March, according to a decision posted yesterday on the Cabinet...

In November, the pandemic’s peak in Ukraine, the number of people who died in Ukraine was up 35% yoy, to 63,440. In November, the pandemic’s peak in Ukraine, the number of people who died in Ukraine was up 35% yoy, to 63,440. In October, the deaths were up 17.5% reports the Civil Service. During the first 11 mon...

This reintroduction of price controls is expected to rule out Ukraine receiving an IMF aid tranche during the first quarter. This reintroduction of price controls is expected to rule out Ukraine receiving an IMF aid tranche during the first quarter. Timothy Ash writes: “Hard to see the IMF lending while this cap remains in ...

Corporate farms suffered a 14% yoy drop in crop harvests in 2020 Corporate farms suffered a 14% yoy drop in crop harvests in 2020, the State Statistics Service reported yesterday. While this export-oriented sector was hardest hit, Ukraine’s overall agricultural pro...

Ukrzaliznytsia trains carried 61% of the Ukraine’s grain for export last year, Ukrzaliznytsia trains carried 61% of the Ukraine’s grain for export last year, the railroad reports. Overall, UZ moved 35.2 million tons of train last year – 87% for export. Grain accounted for 11.5% ...

Ukrzaliznytsia, the workhorse of Ukrainian logistics, carried 40 million tons of cargo between Ukraine and the EU last year Ukrzaliznytsia, the workhorse of Ukrainian logistics, carried 40 million tons of cargo between Ukraine and the EU last year, the state railroad reports. One quarter of that traffic was with Poland. Ex...

Rail container traffic grew by 11% Rail container traffic grew by 11%, to 425,000 TEUs in 2020, Ukrzaliznytsia reports. The portion of traffic carried in dedicated container trains jumped by 41%, to 230,000 TEUs. Direct container train...

Chinese trains passing across Ukraine to the EU “significantly increased,” Chinese trains passing across Ukraine to the EU “significantly increased,” UZ said. Seeking to develop Ukraine as a transportation corridor, UZ is developing new EU routes with DHL Global Forwarding a...